Archive: FBR

The company officially known as Friedman, Billings, Ramsey Group is splitting up with FBR Capital Markets. The company, now doing business as Arlington Asset Investment Corp., said late last night that it plans to cut its ownership in FBR Capital Markets to 39 percent from about 56 percent by June...

Arlington Asset Investment Corp., formerly Friedman, Billings, Ramsey Group, said it lost $268.5 million ($1.77) in the fourth quarter of 2008, compared with a loss of $270.4 million ($1.77) in the last quarter of 2007. For the year ended Dec. 31, it posted a loss of $417.5 million ($2.76), compared...

FBR Capital Markets said today it has acquired East Peak Advisors, a California investment bank that serves companies in the information technology and telecommunications sectors. Financial terms of the deal were not disclosed. The purchase will boost FBR Capital Markets expansion into banking for technology companies, the Arlington investment bank...

Turmoil in the credit markets is roiling Arlington's Friedman, Billings Ramsey Group. The investment bank said it will recognize $18 million in losses following the sale of $153 million in mortgage loans and pursue other unspecified "strategic alternatives" in the future. The company said in a statement that its board...

Steve East, an economist at Arlington investment bank Friedman, Billings, Ramsey Group, says economists usually don't see a recession coming. But he says he sees one looming on the horizon. "I think that if you look at the lessons of history, combined with what's going on right now, you would...

Friedman, Billings, Ramsey Group is expected to announce later today that it has agreed to a four-year extension of its namesake sponsorship of one of the richest and best-attended golf events on the PGA Tour, according to sources close to the deal. The FBR Open in Phoenix has been sponsored...

Arlington investment bank Friedman, Billings, Ramsey Group has agreed to sell its struggling subprime mortgage subsidiary to an affiliate of private equity firm Sun Capital Partners, the companies said in a statement today. Under the agreement, Sun Capital will invest $60 million and FBR will put in $15 million to...

The newly public FBR Capital Markets named Timothy H. Burns to be president and chief executive of FBR International, the company's international investment banking, institutional trading and research subsidiary. In a press release, the company said it also tapped Patrick M. Steel to be senior managing director and head up...